“CFOs’ outlook for the future has finally emerged from the depths of the recession.” – John Graham, Professor of Finance, Duke’s Fuqua School of Business
According to a quarterly Global Business Outlook survey conducted by Duke University and CFO Magazine, CFOs in the United States and Asia are more optimistic this quarter and expect to see an increase in hiring.
873 CFOs from global and public companies participated in the survey which has been conducted for 64 consecutive quarters and result in the following findings:
- 68% of U.S. CFOs are currently trying to fill vacant job positions
- U.S. finance chiefs plan to expand their workforces by slightly more than 2 percent on average over the next 12 months, a staffing increase that would bring the unemployment rate below 8 percent.
- U.S. CFOs rated their optimism in the nation’s economy at 53 this quarter (on a scale from 0 to 100).
Additionally, there is a stronger employment outlook. “The expected increase in employment is a welcome improvement over last quarter’s 1.5 percent forecast growth rate,” said Kate O’Sullivan, director of content development at CFO Magazine. “It indicates that national unemployment should fall below 8 percent in 2012.”